earnings
confidence medium
sentiment negative
materiality 0.70
Olaplex Q3 net sales down 3.6% to $119.1M, EPS $0.02; cuts FY2024 outlook
OLAPLEX HOLDINGS, INC.
2024-Q3 EPS reported
$0.04
revenue$321,929,000
- Net sales $119.1M, down 3.6% YoY; Professional channel fell 12.6%, DTC rose 6.8%.
- Diluted EPS $0.02 vs $0.03; adjusted diluted EPS $0.04 vs $0.05.
- Net income $14.8M, down 27.3%; adjusted net income down 13.8%.
- Company revises FY2024 guidance downward, citing international business realignment.
- Adjusted EBITDA margin declined to 37.5% from 41.7%.